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SIVR ETF surged on heavy volume, nearing its 52-week high as institutions increased stakes.
The abrdn Physical Silver Shares ETF (SIVR) rose sharply on Friday, opening at $71.24 after closing at $68.49, with heavy trading volume.
Institutional investors including Sheets Smith Wealth Management, Horst & Graben Wealth Management, and Royal Bank of Canada increased their stakes in the ETF during recent quarters.
SIVR, which tracks silver bullion minus expenses, trades near its 52-week high of $68.79, with 50-day and 200-day moving averages at $52.58 and $43.32.
The underlying ETFS Silver Trust issues shares based on silver deposits.
No definitive investment recommendation is provided.
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El SIVR ETF se disparó con un gran volumen, acercándose a su máximo de 52 semanas a medida que las instituciones aumentaban sus participaciones.